BT Group (OTCMKTS:BTGOF) Trading Down 0% – Should You Sell?

BT Group plc (OTCMKTS:BTGOF) shares fell 0% on Tuesday . The company traded as low as $2.35 and last traded at $2.35. 7,297 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 7,963 shares. The stock had previously closed at $2.3501.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BNP Paribas Exane cut shares of BT Group to an “underperform” rating in a research note on Thursday, October 2nd. New Street Research downgraded BT Group to a “neutral” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

BT Group Trading Down 0.0%

The company has a fifty day moving average price of $2.39 and a 200-day moving average price of $2.54.

Hedge Funds Weigh In On BT Group

An institutional investor recently bought a new position in BT Group stock. Boston Common Asset Management LLC bought a new position in BT Group plc (OTCMKTS:BTGOF) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 53,804 shares of the company’s stock, valued at approximately $138,000. 38.14% of the stock is currently owned by institutional investors.

About BT Group

BT Group plc is a leading global telecommunications and networked IT services provider headquartered in London, United Kingdom. Through its principal operating company, British Telecommunications plc, the group offers a comprehensive range of communication solutions that span fixed-line telephony, broadband internet, mobile services, digital television and advanced network-based IT and cloud services. Its end-to-end portfolio is designed to meet the needs of consumer, business and public sector clients seeking high-speed connectivity, unified communications and managed security solutions.

The company’s product lineup includes consumer broadband packages under the Openreach and Plusnet brands, converged mobile and fixed voice bundles marketed through EE, and bespoke network infrastructure for enterprise customers.